Homes for sale - 129 Carolina Ave, Newark City, NJ 07106

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Teikesha Hubert

teikesha@hubertandco.co +1(917) 387-6872

$ 650,000

Est. payment | -/mo

6 Beds

4 Baths

3,990 SqFt

Save

$ 650,000

Est. payment | -/mo

Save

6 Beds

4 Baths

3,990 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,990 sqft

Price per Sqft $162

Subdivision Residential

MLS Listing ID 3935741

Style Fourplex

Bedrooms 6

Full Baths 4

Year Built 1944

Annual Tax Amount $7,929

Tax Year 2023

Lot Size 4,356 Sqft

Property Description

Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Bilco-Style Door, Finished-Partially, Full, Walkout

Interior

Interior Features Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors

Heating Electric, Gas-Natural

Cooling None

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Aluminum Siding, Brick

Utilities Available Gas In Street

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex

Others

Senior Community No

Listed by COLDWELL BANKER REALTY

+1(917) 387-6872

teikesha@hubertandco.co

129 Carolina Ave Newark City, NJ 07106